$ASTI Management Comments: "We are focused on improving our results as we moved on from the concentration in the consumer business," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "Going forward, we will continue to streamline our business model in an effort to better allocate our resources to be fully focused on our core strength in the developing specialty PV markets with high entry barriers like the military, 1st responders, emergency power, aviation (drones), and space & near-space applications.
"The Company has made significant progress in these developing high-value markets, and will continue to sharpen our focus in such areas where Ascent is truly at the forefront of the competition. Notable milestones include the recent announcements that the Company's superlight thin-film modules were selected by JAXA (Japan Aerospace Exploration Agency) for the second phase of evaluation for deep space mission, as well as the securing of a major contract from an Asian-based customer. Additionally, our recent progress of being the first and only flexible CIGS manufacturer to have achieved ISO 9001:2015 certification, will enable us to serve a larger universe of premium market customers who prefer products manufactured under a superlative Quality Management System and must be as robust and fail proof as possible."
Mr. Lee concluded, "Great progress was also made in the defense and emergency power market, particularly in the increasing interest shown in our award winning, military-graded and GSA-listed MilPak™ E PV and battery-integrated blanket, which we believe will add to revenue growth in 2017 and beyond. We are optimistic and certainly look forward to a stronger 2017 and beyond, as our high-value PV market focus begins to take shape. We look forward to updating our shareholders as we make continued progress."
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